Kindly MD, Inc. (NASDAQ:KDLY) Sees Large Drop in Short Interest

Kindly MD, Inc. (NASDAQ:KDLY) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 135,200 shares, a decline of 78.8% from the February 13th total of 638,800 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average trading volume of 4,110,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new position in shares of Kindly MD during the fourth quarter valued at $28,000. Cetera Investment Advisers purchased a new stake in Kindly MD during the 4th quarter valued at about $93,000. Finally, Townsquare Capital LLC bought a new stake in Kindly MD during the 3rd quarter valued at about $736,000.

Kindly MD Price Performance

Shares of NASDAQ KDLY traded up $0.05 on Wednesday, reaching $1.47. 19,821 shares of the company’s stock traded hands, compared to its average volume of 5,605,592. The business’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $1.36. Kindly MD has a 12 month low of $0.65 and a 12 month high of $5.25.

Kindly MD Company Profile

Kindly MD, Inc provides healthcare services. Its services include medication management, behavioral healthcare and alternative treatments. The firm offers evaluation and management, including chronic pain, functional medicine, cognitive behavioral therapy, trauma and addiction therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, travel services, and hormone therapy.